Rastriya Banijya Bank has announced a new investment option for the public. The bank is bringing a mutual fund called “RBB Focus 40”, which will be open for applications starting from Bhadra 18.
When and how long people can apply
The issue will remain open until Bhadra 22, but if all the units are not taken by then, the deadline can stretch up to Ashwin 1.
How many units are available?
The fund is made up of 10 crore units in total. Here’s how it is divided:
- 1.40 crore units are kept with Rastriya Banijya Bank itself, as the scheme manager.
- 10 lakh units are set aside for the sponsor, RBB Merchant Banking Limited.
- The remaining 8.50 crore units are open for the public and institutions.
“RBB focus 40” is a closed-ended mutual fund, which means once you invest, you stay locked in until maturity. Anyone interested can apply for at least 100 units. The maximum application limit is set at 1 crore units.
With Rastriya Banijya Bank being one of Nepal’s leading banks, the launch of “RBB Focus 40” gives the public a chance to invest in a large-scale fund backed by a trusted institution. For many, this could be an accessible way to start investing in mutual funds with the safety of a big bank behind it.
